For those behind on their mortgages, assistance from the bank settlement and other programs may come too late to save their homes.
The FHA may exhaust its reserve funds in the next year -- unless last week's $25 billion mortgage settlement comes to the rescue.
The $25 billion mortgage settlement that will ease the pain for many borrowers doesn't liberate lenders from future losses or years of litigation.
Up to $17 billion of the mortgage settlement will be used to pay down the principal on eligible underwater home loans. How does it impact you?
The total amount could grow larger, officials said. About $1.5 billion will be used to provide restitution to people who lost their home because of mortgage servicer abuses.
When businesses do it, they're smart. When homeowners do it, they're morally bankrupt.
Occupants of thousands of Motor City homes that didn't sell at a tax auction can purchase their abodes for $500. That includes squatters, renters and owners who didn't pay taxes.
Even if you just refinanced not so long ago, the benefits of doing so again may well outweigh standing pat.
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